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Evening Standard
Evening Standard
Business
Daniel O'Boyle

British Gas owner to post higher profits thanks to new cap rules

British Gas owner Centrica triggered a new profits storm today as it revealed profits will be at the top end of expectations, thanks to new rules allowing suppliers to charge more even after gas prices come down.

Centrica said its retail divsion’s profits were “significantly ahead of expectations”, because of new allowances British Gas could claim due to past costs.

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